Compared to Estimates, Acushnet (GOLF) Q2 Earnings: A Look at Key Metrics

Core Insights - Acushnet reported revenue of $683.87 million for Q2 2024, a year-over-year decline of 0.8% and a surprise of -3.66% compared to the Zacks Consensus Estimate of $709.88 million [1] - The EPS for the quarter was $1.11, slightly up from $1.09 a year ago, but below the consensus estimate of $1.18, resulting in an EPS surprise of -5.93% [1] Revenue Performance - Net Sales for Titleist golf balls reached $247.50 million, exceeding the average estimate of $244.71 million by analysts, reflecting a year-over-year increase of +4.2% [3] - Net Sales for FootJoy golf wear were reported at $157.20 million, falling short of the average estimate of $161.92 million, representing a year-over-year decline of -0.6% [4] - Net Sales for Titleist golf gear amounted to $68.90 million, below the average estimate of $73.27 million, indicating a year-over-year decrease of -1.4% [5] - Net Sales for Titleist golf clubs were $177.50 million, compared to the average estimate of $190.39 million, showing a year-over-year decline of -5.6% [6] Stock Performance - Acushnet's shares have returned +8.8% over the past month, contrasting with the Zacks S&P 500 composite's decline of -6.7% [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]